Parc Esta @ Eunos

Parc Esta is a mega-project right next to Eunos MRT  and is redeveloped from the former Eunosville HUDC estate. Comprising about 1,400 units on a massive land size of 28 Olympic sized swimming pools, Parc Esta will be developed by the renown MCL Land. Residents will not only be able to live in an exclusive low density neighbourhood, they can enjoy a plethora of facilities within their own development!

Parc Esta Location

Parc Esta Eunos Condo Location

Parc Esta is less than 5-mins walk away from Eunos MRT station and a bus interchange which allows residents to easily commute to all parts of Singapore. For those who drive, a 5-min drive will take you to PIE or ECP which easily connects you to all parts of Singapore.

Getting your daily necessities is such a breeze! The NTUC Fairprice supermarket and a wet market are located right behind Eunos MRT station. There are also at least 3 household accessory shops located on the ground floor of the nearby HDB blocks to satisfy your daily needs.

Food Glorious Food!

There are no lack of F&B options near Parc Esta for those with discerning taste. You can easily get your regular hawker fix at the hawker centre or kopitiams near Eunos MRT station, or take a few steps further to join the queue for the famous black pepper crab at Eng Seng Restaurant at the junction of Still Road and Joo Chiat Place. If you have a late night craving, just head further down Joo Chiat Place to the famous Fei Fei Wan Ton Mee which is open 24/7.

The Joo Chiat and East Coast stretch are known for their vibrant F&B scene and these are only a short drive away in the same neighbourhood. For food, you will definitely be spoilt for choices!

Paya Lebar Central

Paya Lebar is just one MRT station away from Parc Esta, and is one of the commercial hubs to be developed outside the city centre as part of URA’s larger decentralisation strategy to provide alternatives for businesses and jobs closer to homes. Currently, the other commercial hubs are Tampines Regional Centre, Jurong Lake District and Woodlands Regional Centre.

The upcoming changes to Paya Lebar shall lift prices like a rising tide for the surrounding properties due to the current development of 500,000 sqm of commercial space. In the near future, Paya Lebar Central (PLC) is envisioned to be the eastern equivalent of the now bustling Buona Vista Business Hub. As reported on the Business Times, PLC has an added advantage over other commercial hubs due to its strategic location to both the city centre, Kallang Riverside, as well as Changi Airport. Over the next few years, there will be retail, hotel and office developments clustered around Tanjong Katong Road and Sims Avenue.

Paya-Lebar-Master-Plan-1

park-place-residences-paya-lebar-quarter-set-to-transform

Kallang Riverside Future Plans

Just a little further beyond Paya Lebar, Kallang is seeing a real estate revival! A revamp of the Kallang River coastline which will eventually transform it into a 64 hectare waterfront lifestyle precinct offering 4,000 new homes 3,000 hotel rooms, and around 400,000 sqm of office, retail and entertainment facilities. These will be spread across two distinct precincts on either side of the Kallang River – a residential enclave and a mixed-use cluster. Read more on URA’s development plans for Kallang.

kallang riverside condo kampong bugis lavender mrt sports hub freehold

Nearby Schools

For families with young children, nearby schools are an important factor when it comes to deciding which property to buy. Parc Esta is closely located to the following primary schools:

Within 1km

  • Eunos Primary School
  • Haig Girl’s School

Within 2km:

  • Chij (Katong) Primary
  • Kong Hwa School
  • Maha Bodhi School
  • St. Stephen’s School
  • Tanjong Katong Primary School
  • Tao Nan School
  • Telok Kurau Primary School

Parc Esta Specifications

Project Name: Parc Esta
Address: 838 Sims Avenue
Developer: MCL Land
District: 14
Tenure: 99 years
No. of blocks TBA
Total no of Units: approx 1,399
Facilities TBA
Site area: approx 376,713 sq ft
Expected TOP: 2023
Architect TBA

Site Plan

To be advised

Unique Features

  • Eunos MRT station at doorstep
  • Excellent connections to major expressways such as the Pan Island Expressway (PIE) and East Coast Parkway (ECP)
  • Convenient access to daily necessities (NTUC and wet market within 5 mins walk)
  • Massive range of F&B options nearby (including a hawker centre and boutique stalls)
  • Location attracts a huge tenant pool
  • Good pricing upside from development of 2 commercial hubs – Paya Lebar Central and Kallang Riverside
  • Developed by reputable developer – MCL Land

Photo Gallery

TBA

Parc Esta Floor Plans

TBA

Unit Mix

TBA

Parc Esta Official Pricing

Parc Esta will be built on the site of the former EunosVille, which was sold en bloc for S$765m in June 2017 to MCL Land. The sale price works out to a land rate of $909 per sq ft per plot ratio, including the premium paid to top up the lease to a fresh 99 years and for redevelopment of the site to a gross plot ratio of 2.8.

According to CBRE, the new units could be sold for an average of about $1,700 to $1,750 psf.

Register now to obtain first hand updates on the pricing based on your choice units!

About the Developer

MCL Land is a leading property group in Singapore.  A member of the Jardine Matheson Group under Hongkong Land Holdings and listed under the Singapore Stock Exchange, MCL Land has a long track record of building quality homes in Singapore and Malaysia over the last 50 years. MCL Land has an extensive portfolio of prime residential properties in Singapore and Malaysia, which are held through more than 15 subsidiaries and associates. Past projects developed by MCL Land include LakeVille, J GatewayHallmark Residences, Ripple Bay, Palms @ Sixth Avenue, D’Pavilion and Hillcrest Villa.

Register Interest Now

Parc Esta is expected to open for viewing in late August 2018. REGISTER NOW for an appointment at our showflat and enjoy VIP pricing direct from the Developer! No agent commission required!

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Excellent Location
  • Location
  • Pricing
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Summary

There won’t be another massive project such as Parc Esta to be launched in the vicinity in the foreseeable future. Residents of Parc Esta will be able to enjoy seamless connectivity via MRT and PIE/ECP. While residents are able to enjoy the peace and quiet from the low density neighbourhood, there are no lack of nearby amenities. Based on the cost of enbloc acquisition of Eunosville, Parc Esta is expected to be priced competitively compared to Paya Lebar Quarters which is only 1 MRT station away at Paya Lebar.

 


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Powerhaus
Powerhaus
"Neu" kid on the block performs well on launch day. It is a freehold condo at Novena priced at around $2700psf. To put things in context, these are the indicative prices of brand new freehold condos around CCR:
Bukit Timah $2700psf
Newton $2900psf
River Valley $3300psf
Orchard $3500psf

If you had the money, which area will you choose?

#Echobox=1571568637" target="_blank">https://www.edgeprop.sg/property-news/neu-novena-sees-51-units-taken-launch-day?utm_term=Autofeed&utm_medium=article&utm_source=Facebook#Echobox=1571568637
Powerhaus
Powerhaus
Here's a refresh on the top selling projects. Top 3 are now Stirling, Treasure at Tampines and Parc Esta. Last month's top 3 were Avenue South (which launched last month), Treasure and Parc Esta. Treasure and Parc Esta remain buyers' top choices. Why? For Treasure, it's mainly due to its low entry price despite its proximity to Simei MRT station. Whereas for Parc Esta, it's really value for money due to its location within RCR and a stone's throw from Eunos MRT station.

Did you know Parc Esta is a 99-year leasehold condo priced higher than many of its freehold neighbours in its vicinity? Yet, it is more than 50% sold after it was launched for a year shortly after the cooling measures were announced. In terms of psf, it is also around twice that of my mum's place which is nearby. Why are so many buyers still buying Parc Esta instead? Is it irrational? We can have coffee and I'll explain to you about what's going on in the buyers' minds, and whether properties like Parc Esta or those like my mum's place had faster capital appreciation in the past.
Powerhaus
Powerhaus
CAN YOU BUY A NEW CONDO AT BREAKEVEN PRICE NEAR HILLVIEW MRT?

Yes, and that will be launching this weekend. Brought to you by top notch developer Hong Leong, Midwood's land was purchased at $1,067psf at a highly contested government land sale bidding. After adding in construction and financing costs, the breakeven price works out to be around $1,567psf, and that's approximately the price level that this development will launch at.

Can Hong Leong afford to keep prices at breakeven level throughout the sales cycle? Well, they could try, but if they do so, no bank will finance their construction cost. You see, banks will only finance developers if they commit to a certain profit margin. Also, very often, banks will only disburse the loan after a certain amount of units have been sold to achieve a certain loan-to-value ratio. Similarly, when you buy a property, you will need to fork out cash/cpf for at least the first 25%.

What does that mean for buyers? I can say it's a foregone conclusion that it will be a matter of time before Hong Leong increases its price after launch. So early entrants can enjoy a margin of safety. Which option do you think is riskier - buying a resale condo where many neighbours bought cheaper than you or buying Midwood at cost price, where Hong Leong will highly unlikely cut prices?

Here are the indicative prices:

👉1BR from $750K
👉1+S from $876K
👉2BR from $1.01m
👉2+S from $1.23m
👉3BR from $1.42m
👉4BR from $1.99m

If you would like more info on Midwood, and how to choose units that have better track record of making more profits (eg. floor level and facing), send me a text today!

https://www.businesstimes.com.sg/real-estate/hong-leong-group-units-win-hillview-rise-gls-tender-with-s460m-bid
Powerhaus
Powerhaus
⭐SENGKANG GRAND RESIDENCES⭐

If you love the convenience of living right above a shopping mall and MRT station, this condo might be the one for you. Imagine this - you don't have to brave the rain or sun when commuting to and from work everyday! Ran out of milk? Just take lift down and it's only a 5-min errand. Here are the highlights:

✅Integrated One-Stop Community Hub: Community Club, Retail Shopping Malls, Dining Cafes, Restaurants & Childcare Centre
✅640 Units of 1+study - 4 bedrooms types
🚸Within 1-2km to Prestigious schools eg. Nan Chiau Primary/High, Punggol Primary, Holy Innocents’ Primary
🏘Jointly developed by top notch developers - CapitaLand & CDL

📆Preview date: 25th Oct
📆Ballot date: 2nd Nov

How to participate in the balloting? Just send us a text!
Powerhaus
Powerhaus
ARE SINGAPORE PROPERTIES OVERPRICED?

Well, that really depends on who you ask. Ask any man on the street, I bet 99% will say it's expensive. A Rolex watch is expensive too right? But it's probably selling at market price because that is what buyers are willing to pay.

I took a trip down memory lane over the past 10 years and try to recall a time when I felt property prices were cheap at that point in time. I failed miserably to identify such a period. The only time they look cheap is when you look back several years later.

Now the important question is this - how can you tell if the current Singapore property prices are above fundamentals? Let me break it down for you here!

One simple way to establish affordability is to benchmark against property prices in other countries. Not on an absolute basis, but based on the price/income ratio, where income is based on the average income earned by a resident in that country. In Singapore, UBS estimates that it takes 12 years of a highly skilled person's income to own a 60sqm apartment near the city. Sounds about right. A 60sqm condo in Bukit Timah can be purchased at around $1.44m (approx $2200psf), and that's around 12 years of monthly income of $10k.

How do we compare with other major cities?
HK - 21 years
Paris - 15 years
London - 14 years
Singapore - 12 years
Tokyo and NY - 11 years

So according to UBS, Singapore properties have one of the lowest bubble risk amongst the cities analysed by them.

Do you feel that Singapore properties are overpriced? You have the full discretion to form your own opinion. As always, my job is to give you facts and figures to help you make a logical decision instead of an emotional one. If you would like to see the full UBS report, just drop me a text!
Powerhaus
Powerhaus
I once brought a buyer to view this magnificent house. I can say the house itself is a collector's item. It feels like living in a museum, and is tastefully decorated and truly unforgettable. Comes with a swimming pool at the basement that feels like a roman bath. If you have spare change for $16.8m, it's definitely a good buy. Credit cards not accepted 😄 enjoy the video

https://m.youtube.com/watch?v=y1C4W7R3aWI&feature=youtu.be
Powerhaus
What Can $16,800,000 get you on District 10 in Singapore?
What Can $16,800,000 get you on District 10? **Call +65 9271 7212 for an exclusive viewing** Property Guru link: https://www.propertyguru.com.sg/preview-list...
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